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391418
star this property registered interest false more like this
star this property date less than 2015-07-20more like thismore than 2015-07-20
star this property answering body
Department for Energy and Climate Change more like this
star this property answering dept id 63 more like this
star this property answering dept short name Energy and Climate Change more like this
star this property answering dept sort name Energy and Climate Change more like this
star this property hansard heading Energy: Meters more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Energy and Climate Change, what the reason is for the difference between the estimated cost of the Smart Metering Implementation Programme of £10.9 billion included in her Department's Third Annual Report on the roll-out of Smart Meters, December 2014 and the whole life costs of £19.25 billion included in the Major Project Authority's Portfolio data for her Department of June 2015. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 8015 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-09-08more like thismore than 2015-09-08
star this property answer text <p>The Annual Report on the roll-out of Smart Meters and the Major Project Authority’s report use the same underlying data, taken from the Programme’s Impact Assessment:</p><p><a href="https://www.gov.uk/government/publications/smart-meter-roll-out-for-the-domestic-and-small-and-medium-non-domestic-sectors-gb-impact-assessment" target="_blank">https://www.gov.uk/government/publications/smart-meter-roll-out-for-the-domestic-and-small-and-medium-non-domestic-sectors-gb-impact-assessment</a>.</p><p>The difference between the estimated costs is due to the two reports using different methodologies to present the same cost information of the Programme.</p><p>The Annual Report on the roll-out of Smart Meters expresses information in real prices and present values. This follows Treasury guidance for policy appraisal and is aimed at providing future cost and benefit information in a way that is most meaningful for decision making.</p><p>The cost figures in the Major Project Authority’s report are expressed in nominal terms and are not discounted to present value terms. This is aimed at achieving comparability across Government projects but can result in different figures between Impact Assessments and the data reported by the Major Project Authority.</p>
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2015-09-08T15:55:21.817Zmore like thismore than 2015-09-08T15:55:21.817Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
391422
star this property registered interest false more like this
star this property date less than 2015-07-20more like thismore than 2015-07-20
star this property answering body
Department for Energy and Climate Change more like this
star this property answering dept id 63 more like this
star this property answering dept short name Energy and Climate Change more like this
star this property answering dept sort name Energy and Climate Change more like this
star this property hansard heading Energy: Meters more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Energy and Climate Change, if she will review the effects to date of the use of smart meters; and if she will estimate how much consumers reduce gas and electricity usage once a smart meter has been installed. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 7975 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-09-08more like thismore than 2015-09-08
star this property answer text <p>Our central estimate of energy savings to domestic consumers as a result of smart metering is 2.8% for electricity every year in comparison to what consumption would have been in that year without smart meters (prepayment and credit) and 2% for gas (credit) and 0.5% for gas (prepayment). The energy savings assumptions are conservative in comparison to international evidence.</p><p>In March 2015 DECC published research on the effects of the early rollout of smart meters – The Early Learning Project:</p><p><a href="https://www.gov.uk/government/publications/smart-metering-early-learning-project-and-small-scale-behaviour-trials" target="_blank">https://www.gov.uk/government/publications/smart-metering-early-learning-project-and-small-scale-behaviour-trials</a>.</p><p>The Early Learning Projects findings around levels of energy consumption reduction are that DECC’s steady-state projections for the main roll-out fall within the confidence intervals of the energy consumption reductions observed in the research for both gas and electricity. However evidence suggests that larger energy savings are achievable; it is realistic to expect durable energy savings of 3 per cent provided engagement is effective, and larger savings are feasible in the future.</p>
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2015-09-08T16:02:38.47Zmore like thismore than 2015-09-08T16:02:38.47Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
391421
star this property registered interest false more like this
star this property date less than 2015-07-20more like thismore than 2015-07-20
star this property answering body
Department for Energy and Climate Change more like this
star this property answering dept id 63 more like this
star this property answering dept short name Energy and Climate Change more like this
star this property answering dept sort name Energy and Climate Change more like this
star this property hansard heading Energy more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Energy and Climate Change, what progress she has made on reducing the time taken for homeowners to switch energy and gas supplier; and what forecast she has made of the effect on switching times of the completion of the smart metering implementation programme. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 7974 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-09-07more like thismore than 2015-09-07
star this property answer text <p>The Department has worked with Energy UK, Ofgem, suppliers and other key industry partners to develop and implement proposals which have enabled domestic customers to switch supplier within 17 days, half the time it previously took.</p><p>The roll-out of smart metering will make switching energy supplier easier and faster and is a key enabler to 24-hour switching. The Government announced in the Summer Budget 2015 that it will work with Ofgem with the ambition of introducing 24-hour switching by the end of 2018.</p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2015-09-07T08:37:52.16Zmore like thismore than 2015-09-07T08:37:52.16Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
224414
star this property registered interest false more like this
star this property date less than 2015-03-02more like thismore than 2015-03-02
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services: Technology more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what steps his Department has taken to boost the growth of the financial technology industry. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 225806 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-03-25more like thismore than 2015-03-25
star this property answer text <p>As part of our long term economic plan, the Government is committed to supporting the continued growth of the Financial Technology (FinTech) sector. The Government has taken a number of steps to achieve this, including:</p><p> </p><p> </p><p> </p><ul><li><p>Creating a new Payments Systems Regulator (PSR), which will ensure that smaller banks and alternative providers of finance – including FinTechs – can access payment systems in a fair and transparent way, and thereby contributing to a fairer and more competitive payments industry. The PSR will open its doors on 1 April this year.</p><p> </p></li><li><p>Committing to additional funding of £100m to the British Business Bank’s Investment Programme – including funding for FinTech.</p><p> </p></li><li><p>Launching the GO-Science’s Blackett Review on FinTech Futures, which looks ahead 10 years to the future and identify what the technologies, enablers and barriers are that will shape the future of the UK FinTech sector.</p><p> </p></li></ul><p> </p><ul><li><p>Naming the big banks that will have to share credit data, and refer on SMEs they reject for finance – helping alternative finance providers, including FinTech firms, to lend more effectively;</p></li></ul><p> </p><p> </p><p> </p><ul><li><p>Supporting the development of the peer-to-peer lending and crowdfunding market: consulting on ISA eligibility for crowdfunded debt securities; announcing we will review EU regulations standing in the way of P2P institutional lending; and creating a bespoke regulatory framework for P2P.</p><p> </p></li></ul><p> </p><p>Most recently at budget 2015, we announced a further package of measures to build on the government’s wide-reaching programme of reform to drive competition in banking and FinTech, including announcing that:</p><p> </p><ul><li><p>The Government intends to apply anti-money laundering regulation to digital currency exchanges in the UK, launch a new research initiative into digital currency technology, with £10 million additional funding, and work with the British Standards Institution and the digital currency industry to develop voluntary standards for consumer protection.</p><p> </p></li><li><p>Gocompare will launch the first personal current account comparison tool making use of customers’ bank midata releases on 26 March 2015.</p><p> </p></li><li><p>The Government will work with the banks and FinTech firms to develop an open API (Application Programming Interface) standard for banks, by the end of the year.</p></li></ul><p> </p><p> </p><p> </p><ul><li><p>the Financial Conduct Authority’s (FCA) ‘Project Innovate’ will work with HMT and the Prudential Regulation Authority (PRA) to investigate the feasibility of developing a regulatory ‘sandbox’ for financial services innovators</p><p> </p></li><li><p>Innovate Finance has agreed to deliver its FinTech regional strategy through a series of local partnerships; the first partnership has already been established in Leeds, and further partnerships will be established in Manchester and Edinburgh by April, and in Newcastle, Bristol and other centres before the end of the year.</p></li></ul><p> </p>
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2015-03-25T11:07:37.593Zmore like thismore than 2015-03-25T11:07:37.593Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
177084
star this property registered interest false more like this
star this property date less than 2015-02-02more like thismore than 2015-02-02
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Financial Services more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what recent steps he has taken to encourage banks to offer their services to money service businesses. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 222940 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-02-04more like thismore than 2015-02-04
star this property answer text <p>The UK Government is committed to supporting a healthy and legitimate remittance sector, and ensuring that UK citizens are able to continue to remit funds safely to family abroad. That is why, in response to the withdrawal of banking services from the Money Service Business sector we set up an Action Group on Cross Border Remittances to address this issue. The group is monitoring changes to the market, has developed guidance for MSBs and banks and is promoting a shared understanding of risk. The group is also overseeing the development of a Safer Corridor to ensure the continued, secure flow of remittances to Somalia.</p><p> </p><p> </p><p> </p><p>Treasury Ministers have been engaging closely with the banking industry both through the British Bankers Association and directly with those banks involved in this issue, including personally writing to and phoning a number of banks.</p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2015-02-04T12:29:59.683Zmore like thismore than 2015-02-04T12:29:59.683Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
155745
star this property registered interest false more like this
star this property date less than 2014-11-17more like thismore than 2014-11-17
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name Treasury more like this
star this property hansard heading Foreign Investment in UK more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what steps he has taken to encourage more foreign direct investment in UK companies. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 214745 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-11-24more like thismore than 2014-11-24
star this property answer text <p><strong>In 2013-14 the UK attracted 1,773 foreign direct investment projects, giving a total stock of £1.6 trillion of such investments - more than any other country apart from the USA. During this Parliament the Government has taken action to make the UK a more attractive location to run a business including reducing corporation tax so that it will reach 20% next year – the lowest in the G20 - and investing in skills, science and infrastructure. The Government has also increased resources at UK Trade and Investment including for example establishing private sector-led teams in the Gulf, Central Europe, and South America dedicated to attracting inward investment into the UK. </strong></p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2014-11-24T17:43:50.987Zmore like thismore than 2014-11-24T17:43:50.987Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
47166
star this property registered interest false more like this
star this property date less than 2014-04-07more like thismore than 2014-04-07
star this property answering body
HM Treasury more like this
star this property answering dept id 14 more like this
star this property answering dept short name Treasury more like this
star this property answering dept sort name CaTreasury more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect the introduction of seven-day bank account switching has had on the number of people changing bank account provider; and if he will make a statement. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 195454 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2014-04-29more like thismore than 2014-04-29
star this property answer text <p><strong>The Current Account Switching Service launched in September of last year, and has had a very positive impact. Early signs are positive, with switching numbers in Q4 of 2013 up by 17 per cent compared to Q4 of the previous year. </strong></p><p> </p><p><strong>The Financial Conduct Authority will carry out a review in September of this year into the effectiveness of the Current Account Switching Service. This will include an assessment of the effect the introduction of seven day account switching has had on the number of people changing bank account provider. </strong></p><p> </p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2014-04-29T12:00:00.00Zmore like thismore than 2014-04-29T12:00:00.00Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
435844
star this property registered interest false more like this
star this property date less than 2015-12-07more like thismore than 2015-12-07
star this property answering body
Department for Energy and Climate Change more like this
star this property answering dept id 63 more like this
star this property answering dept short name Energy and Climate Change more like this
star this property answering dept sort name Energy and Climate Change more like this
star this property hansard heading Energy: Meters more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Energy and Climate Change, with reference to paragraph 2.31 of her Department's policy conclusions: Early Learning Project and Small-scale Behaviour Trials, relating to the Smart Metering Implementation Programme, published in March 2015, what wider evidence was used to reach the conclusion that durable energy savings of three per cent could realistically be expected; and what assessment she has made of whether the programme remains on course to achieve such savings. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 19020 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-12-14more like thismore than 2015-12-14
star this property answer text <p>The wider evidence used to reach the conclusions relating to energy savings is set out under ‘Research and theory on energy saving linked to smart metering’ in chapter 6 of the Smart Metering Early Learning Project: Synthesis report:</p><br /><p><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/407568/8_Synthesis_FINAL_25feb15.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/407568/8_Synthesis_FINAL_25feb15.pdf</a></p><br /><p>Our assessment remains that it is realistic to expect durable energy savings of 3 per cent provided engagement is effective, and that larger savings are feasible in the future. The Department is continuing to work with energy suppliers, Smart Energy GB and others to ensure that the energy savings and wider benefits to consumers are maximised.</p><br /> <br /> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2015-12-14T15:02:24.093Zmore like thismore than 2015-12-14T15:02:24.093Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
428504
star this property registered interest false more like this
star this property date less than 2015-11-16more like thismore than 2015-11-16
star this property answering body
Department for Energy and Climate Change more like this
star this property answering dept id 63 more like this
star this property answering dept short name Energy and Climate Change more like this
star this property answering dept sort name Energy and Climate Change more like this
star this property hansard heading Energy: Meters more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Energy and Climate Change, what proportion of in-home displays need to remain in operation after installation for the smart metering implementation programme to have the potential to deliver overall economic benefit for customers and energy providers. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 16346 more like this
star this property answer
answer
unstar this property is ministerial correction true more like this
star this property date of answer less than 2015-11-24more like thismore than 2015-11-24
star this property answer text <p><del class="ministerial">We are supporting older and vulnerable people to keep warm through support including the Energy Company Obligation and the Warm Home Discount. Over 1.6 million measures have been installed in around 1.3 million households through the Energy Company Obligation (ECO) alone.</del></p><br /><p><del class="ministerial">This year, over 2 million households will get help under the Warm Home Discount scheme– including an automatic electricity bill discount of £140 for over 1.3 million of the poorest pensioners. In winter 2014/15, Winter Fuel Payments were made to around 12.5million older people in around 9 million households. The Cold Weather Plan, published by Public Health England, helps to raise awareness of the harm to health from cold, and provides guidance on how to prepare for and respond to cold weather.</del></p><br /><p><del class="ministerial">The Government has also provided around £3 million to fund the creation of the ‘Big Energy Saving Network’ which focuses on helping consumers understand tariffs and switching options as well as how they could benefit from energy efficiency programmes available to them. As we approach winter, DECC officials will continue to maximise awareness of the Energy Saving Advice Service (ESAS –contact number 0300 123 1234), which also provides a referral service for ECO Affordable Warmth.</del></p><br /><p><ins class="ministerial">DECC’s most recent Impact Assessment for the roll-out of smart metering, published in January 2014, estimates a positive net present benefit of £6.2 billion over the period to 2030, with total benefits of £17.1 billion and costs of £10.9 billion.</ins></p><br /><p><ins class="ministerial">Of the £17.1 billion of overall benefits around one third stems from energy savings, for which the In Home Displays (IHDs) are a critical enabler. They are an important first step in wider consumer engagement and behaviour change that can unlock additional economic benefit, for example through the development of a smart grid and more flexible and resilient future energy system.</ins></p><br /><p><ins class="ministerial">Smart metering also enables significant operational efficiency savings within the energy industry, so even without the energy savings benefits the Smart Metering Implementation Programme has the potential to deliver overall economic benefit for UK customers and energy providers.</ins></p>
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2015-11-24T13:18:01.873Zmore like thismore than 2015-11-24T13:18:01.873Z
star this property question first ministerially corrected
less than 2015-11-30T11:12:29.32Zmore like thismore than 2015-11-30T11:12:29.32Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property previous answer version
31788
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom more like this
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this
425361
star this property registered interest false more like this
star this property date less than 2015-11-02more like thismore than 2015-11-02
star this property answering body
Department for Energy and Climate Change more like this
star this property answering dept id 63 more like this
star this property answering dept short name Energy and Climate Change more like this
star this property answering dept sort name Energy and Climate Change more like this
star this property hansard heading Energy: Meters more like this
unstar this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Energy and Climate Change, what the estimated cost per household will be to suppliers of having to issue an in-home display as part of the smart meter home display. more like this
star this property tabling member constituency Windsor more like this
star this property tabling member printed
Adam Afriyie more like this
star this property uin 14289 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2015-11-10more like thismore than 2015-11-10
star this property answer text <br /><p>Energy suppliers are required to offer their domestic customers an In Home Display (IHD) for no upfront charge. Our latest Impact Assessment published in January 2014 estimates that IHDs will cost energy suppliers £15 per display.</p><br /><p>GB trials and international experience demonstrate that real time feedback from In Home Displays are instrumental to energy savings.</p><p><br></p> more like this
star this property answering member constituency South Northamptonshire more like this
star this property answering member printed Andrea Leadsom remove filter
star this property question first answered
less than 2015-11-10T15:12:28.163Zmore like thismore than 2015-11-10T15:12:28.163Z
star this property answering member
4117
star this property label Biography information for Andrea Leadsom more like this
star this property tabling member
1586
star this property label Biography information for Adam Afriyie more like this